During the current year, the Jordan family trust, an inter vivos trust, has business income of $220,000. Of this amount, $50,000 is retained in the trust with a joint election….
what depreciation methods does the company use?
SEC and Forms 10-K
Public corporations are required not only to communicate with their stockholders by means of an annual report but also to submit an annual report to the Securities and Exchange Commission (SEC). The annual report to the SEC is called a Form 10-K and is a source of the latest information about a company. Access the SEC’s EDGAR files to locate either H.J. Heinz Company’s or Ford Motor Company’s Form 10-K. Find the financial statements and the notes to the financial statements. Scan through the notes to the financial statements and prepare a list of information related to long-term assets, including intangibles. For instance, what depreciation methods does the company use?